Oriental Land (4661) Q1 2027 earnings summary

Executive summary

• Net sales, operating profit, and operating cash flow for the first quarter reached record highs, driven by strong attendance, Tokyo DisneySea 25th Anniversary events, and robust event performance.

• All business segments—Theme Park, Hotel, and Other—reported year-over-year growth in both net sales and operating profit.

• Growth investments prioritized, with preparations for cruise business launch in fiscal year 2028 progressing steadily.

• No significant impact from the Reiwa 8 Kumamoto Earthquake confirmed, but ongoing monitoring and guest support measures are in place.

• ORIENTAL LAND CRUISE CO., LTD. was newly consolidated as a subsidiary during the quarter.

Financial highlights

• Consolidated net sales rose 10.4% year-over-year to ¥180,734 million in Q1 FY3/27, with operating profit up 23.1% to ¥47,716 million and profit attributable to owners of parent up 50.3% to ¥41,297 million.

• Theme park segment net sales rose to ¥147,435 million, with segment profit at ¥37,865 million.

• Hotel business segment net sales reached ¥29,292 million, with operating profit at ¥9,254 million.

• Other business segment contributed ¥4,006 million in net sales and operating profit increased by ¥0.3 billion to ¥0.5 billion.

• Non-operating income surged due to a one-time gain from the sale of the Hyatt Regency Seragaki Island Okinawa.

Outlook and guidance

• Despite exceeding initial forecasts for Q1, full-year and first-half earnings forecasts remain unchanged due to weather-related uncertainties.

• Full-year net sales are projected at ¥724,312 million, up 2.8% year-over-year, with operating profit expected to decline 4.5% to ¥160,776 million.

• Profit attributable to owners of parent is forecast to decrease 6.6% to ¥113,797 million for the fiscal year.

• Temporary profit decline expected in the fiscal year due to large-scale hotel renovations starting in Q2.

• Interim and year-end dividends are projected at ¥8.00 per share each, totaling ¥16.00 for the year.